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Stock impact report

Why HealthEquity Stock Soared 25% in July [The Motley Fool]

HealthEquity, Inc. (HQY) 
Last healthequity, inc. earnings: 3/16 04:04 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.healthequity.com/investor-overview
Company Research Source: The Motley Fool
Why HealthEquity Stock Soared 25% in July Shares of the health savings account provider have been just what the portfolio doctor ordered in 2019. Shares of HealthEquity ( NASDAQ:HQY ) , which bills itself as "the nation's largest independent health savings account (HSA) non-bank custodian," rocketed 25.4% higher last month, according to data from S&P Global Market Intelligence . The stock is up 34% in 2019 through Aug. 8. For some context, the S&P 500 index returned 1.4% in July and has returned 18.6% so far this year. We can attribute HealthEquity stock's robust July performance in part to a continuation of the upward momentum it's enjoyed this year, thanks to the company posting better-than-expected financial results. It beat Wall Street's earnings estimates in both quarters that it's reported this year. In early June, HealthEquity reported its fiscal first-quarter 2020 results. Revenue jumped 25% year over year to $87.1 million, easily surpassing the $84.1 million that analysts ha Show less Read more
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